| Abstract: | Total delinquencies have continued to increase among U.S. Alternative-A residential mortgage-backed securities (RMBS) transactions originally rated in 2005, 2006, and 2007. As of the August 2008 distribution date, total delinquencies were 16.26%, 22.48%, and 15.74% of the aggregate pool balances for the 2005, 2006, and 2007 vintages, respectively. These figures have increased approximately 3.92% for the 2005 vintage, 4.80% for 2006, and 8.13% for 2007 since the July 2008 distribution date. Serious delinquencies (90-plus days, foreclosures, and real estate owned {REO}) have also risen since the last distribution date. As of the most recent reporting period, serious delinquencies for the 2005, 2006, and 2007 vintages were approximately 11.44%, 16.16%, and 10.78% of the current aggregate pool balances, respectively. When compared
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| Sector: | Asset-Backed Commercial Paper, Asset-Backed Securities, Collateralized Debt Obligations, Commercial MBS, Real Estate Companies, Residential MBS, Servicer Evaluations, Structured Finance
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